Industrial output growth slows to 1.5% in June

28 Jul 2025 Evaluate

India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), slowed to 1.5% in the month of June 2025 as against a revised growth of 1.9% in May 2025, on the back of mining and electricity sectors contracted. The factory output had expanded by 4.9 per cent in June 2024. The previous low pace of growth was recorded in August 2024 when the output growth stayed flat. The government has revised upwards industrial growth figure for May 2025 to 1.9% from the provisional estimate of 1.2% released in the previous month. The Quick Estimates of IIP for June 2025 stood at 153.3 against 151.0 in June 2024. During the April-June period of FY26, industrial production grew by 2.0% compared to 5.4% a year ago.

Manufacturing activity, which comprises the largest component of the index, rose 3.9% in June, compared to 3.2% in May and 3.5% in the same month last year. However, mining production contracted by 8.7% against contraction of 0.1% in previous month and a growth of 10.3% recorded a year ago. Power production remained in contraction at 2.6% in June 2025 against 4.7% contraction in May 2025 and 8.6% growth in the year-ago period. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2025 stood at 123.2, 152.3 and 217.1 respectively.

Within the manufacturing sector, 15 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in June 2025 over June 2024. The top three positive contributors for the month of June 2025 are – ‘Manufacture of basic metals’ (9.6%), ‘Manufacture of coke and refined petroleum products’ (4.2%) and ‘Manufacture of fabricated metal products, except machinery and equipment’ (15.2%).

As per the use base classification, primary goods sector contracted at 3.0% in June 2025 against a contraction of 1.4% in previous month and 6.3% growth a year ago. Capital goods growth slipped to 3.5% in the reporting month compared with 13.3% in the previous month and 3.6% in a year ago month. In June 2025, intermediate goods recorded growth of 5.5% over 4.7% in last month and 3.2% in June 2024. Growth in infrastructure/ construction goods industries came at 7.2% from 6.7% in the last month and 8.2% growth a year ago. Consumer durables showed a growth of 2.9% compared with a contraction of 0.9% in the previous month and a growth of 8.8% a year ago. Consumer non-durable growth remained contracted to 0.4% in June compared with a contraction of 1.0% in corresponding month of last year.

The indices stood at 151.3 for Primary Goods, 115.2 for Capital Goods, 167.9 for Intermediate Goods and 198.3 for Infrastructure/ Construction Goods for the month of June 2025. Further, the indices for Consumer durables and Consumer non-durables stood at 130.8 and 144.6 respectively.

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